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Publications (7)
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– The Riddle is Still There but We May be a Little Bit Wiser
The Nordic countries are often bundled together, as representatives of a ‘model’ which combines high living standards and an open market economy with social insurance and ambitious public services. Yet, the economic and political development of Denmark, Finland, Norway and Sweden towards this model...
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The paper documents the economic development strategies pursued by the Dominican Republic. The study argues that the country’s success results from the implementation of a three-pronged economic development strategy. The first prong relates to diversifying production and the second to developing...
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Malaysian economic development has been shaped by public policy in response to changing national and external conditions. Public investments peaked in the 1970s and early 1980s, until the policy reversals driven by sovereign debt concerns and new policy ideology fads. Foreign investments continued...
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This paper provides a synthesis of the three papers on the non-Nordic developed economies, Ireland, Japan and Switzerland along the following themes: role of the state, openness, education and human capital, and macroeconomic stability. It then draws lessons for developing countries of today.
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– Lessons from the Experiences of South Korea, Malaysia, Thailand and Vietnam
This piece synthesizes the development strategies of Korea, Malaysia, Thailand and Vietnam and draws some relevant lessons. Using a complex adaptive systems approach, strategic openness, a set of heterodox macroeconomic policies, creation of institutions for productive investment in both agriculture...
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– Accidents, Design and Replicability
This paper examines India’s development strategy, and to what extent it may be considered a success. It provides a brief history of why and how the strategy was adopted, as well as of its implementation, including the role of initial conditions, such as human capital, geographical location, and...
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– Relevant and Nonrelevant Elements for Developing Economies
Japan was the first non-western country to accomplish successful industrialization, and the dominant perception of its ‘industrial policy’ had over-emphasized specific characteristics of Japan. However, from the perspective of today’s development thinking, Japan’s economic history shared a wide...
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